what the what?!!?!!?
huge short squeeze. think about it - if you add up the profits of every movie rental company in the world since the beginning of time it would not equal the $10B market cap of Netflix.
sounds like you need to take some Stock Market for Beginners course.
The best part is the "profit" is due to an accounting change, not actual profits. A non momo stock would have gone down 3% on the news not up 50%. But lets face it 90% of "investors" are merely chasing momentum...so up we go!
I would not be holding this bag over the weekend. I smell a hugh short on its way.
2014 Estimates have now been revised up 88% from $1.42 to $2.67 so makes sense -- the p/e is now lower then it was before... if we get a multiple expansion could move higher.